EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 13 JULY 2016

Soybean futures (Oct) is likely to trade in the range of 3720-3840 levels. The weak demand for soybean meal is pressuring prices, while reports of heavy rains disrupting sowing activity in Madhya Pradesh are supporting. Market is still waiting for clearer picture about how much farmland is affected, as the major sowing region Malwa sector was not affected by water logging. SOPA projected current year 2015-16 soybean crop at 69.29 lakh tonnes with opening stock of 6.12 lakh tonnes and the total availability sum up at 75.41 lakh tonnes.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co